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721 W Michigan St, New Buffalo, MI 49117 — $369,900 · 2bd · ~0.5% rule | OnePercent

721 W Michigan St, New Buffalo, MI 49117

$369,900

Home·New Buffalo 49117·721 W Michigan St, New Buffalo, MI 49117

Confirmed in the last few hours

721 W Michigan St, New Buffalo, MI 49117

2 bd · 1 ba · 900 sqft · built 1945 · New Buffalo · SINGLE_FAMILY·source listing ↗

$369,900

rent, three ways

OnePercent model (vv1)$1,988/mo

p10–p90 confidence band

HUD Fair Market Rent · 49117 · 2BR

$1,040/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Berrien

Flood risk indexRelatively Low FEMA NRI

Median household income$75,114

Median area rent$866/mo

Median home value$488,000

the verdict

0.54%vs 1.0% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$369,900

0.54% · rent $1,988

Intrinsic value · income approach

$549,442

33% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.